Best trading platform in India?
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The most reliable and trustworthy app for trading Bitcoin and Ethereum in India is CoinSwitch. An estimated 6 million individuals use this app for trading. This software makes it simple to set up an account and begin trading in a matter of minutes. About 170 different coins are available for trading on this app.
CoinDCX, ZebPay (the oldest trading app), and many others are available for trading. -
Is it really a good idea to rely completely on well-known exchanges for buying or moving USDT? I mean, we all know they can encounter security issues or face regulatory troubles sometimes. Even with measures like two-factor authentication and verification steps in place, can we really be sure it's safe?
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Well, relying solely on major exchanges for USDT comes with risks, such as security breaches and regulatory issues.
To protect your assets, consider using multiple storage options — like exchanges, hardware wallets, and decentralized platforms. Additionally, enable two-factor authentication (2FA) and stay informed about security measures and regulations.
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But @Siddarth I'm trying to find a middle ground for holding my USDT. Exchanges are convenient but risky, while hardware wallets are safe but can be slow and pricey. Given how quickly things change, what is the smartest way to balance safety and ease of use for a regular investor?
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@Sinha392 It's a totally fair concern to have. For Indian investors, the landscape is always shifting — whether it’s new regulations or the sudden risk of an exchange getting blocked — so keeping everything in one place can feel like a gamble.
A smart "middle ground" strategy is to treat your crypto like your physical wallet and your bank account:
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On the Exchange: Keep only the USDT you’re actively trading. This is your "spending money" — it’s there for convenience, but you won't be devastated if the exchange has a temporary hiccup.
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In Self-Custody: Move the bulk of your savings to a wallet where you hold the keys. If a hardware wallet (like a Ledger or Trezor) feels like a big investment right now, a reputable mobile wallet is a great starting point.
By splitting it up, you get the best of both worlds: you’re ready to trade when the market moves, but the majority of your assets are tucked away safely under your own control, regardless of what happens with local regulations.
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